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2014-01-31 12:31:53
Hedge Fund buyers in Las Vegas---Good or Bad?

Recently the Nevada real estate market was affected by a large volume of Nevada properties being purchashed by Hedge Fund Buyers.  Hedge Fund Buyers are investors working with large investment companies that purchased homes with the speculation that the value of the homes will rise while they make money leasing out the homes they purchased.  Whether this will be a good investment for the many that got involved remains to be seen.

This ended up being very good for sellers, banks & owners that were borderline being underwater on their loans because it drove prices up on Nevada properties.  For the owners that were borderline underwater, it allowed them to have enough appreciation in the homes to refinance their loan at a lower interest rate and hopefully stay in their homes.  Sellers that had equity in their homes took advantage of the rise in prices and sold their Nevada real estate for a profit.  Banks were able to get a higher price for their inventory of foreclosed homes.

Unfortunately, for Nevada real estate buyers that needed to acquire a loan and did not have a lot of money for a down payment it was a bad thing.  As the inventory of Nevada homes for sale decreased the values of homes increased.  This priced many buyers out of the market.  Since many of the homes that were purchased during this period were bought by buyers with cash, it made it next to impossible for the every day buyers to compete for properties. 

As of the last couple of months, we have started to see a readjustment downward in prices and a growing inventory in Nevada properties.  This has allowed many of the buyers that were priced out of the market during the Hedge Fund buying craze to get back into the market.  I wish there was a happy medium that allowed both buyers & sellers to benefit but that is not how supply and demand works...

 

 
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